July 2011 Archive

Junior Isa limit increased to £3,600

The government has confirmed the Junior Isa limit will be £3,600

The Treasury has raised the annual limit for Junior Isas to £3,600, up from the initial proposal of £3,000.

Santander makes €620 million PPI provision for UK business

Santander has set aside €620 million for potential PPi claims

Spanish banking giant, Santander has followed the lead of other banks such as Lloyds and Barclays in making a provision against potential claims over mis-selling of payment protection insurance (PPI) in the UK.

Vince Cable says UK banks have failed their customers

Business Secretary Vince Cable criticised UK banks for 'failing their customers' at a debate today

Business Secretary Vince Cable has criticised UK banks and their 'casino' banking culture at a Which? Banking reform debate in London today.

Derbyshire Building Society unveils easy access online savings account

Derbyshire Building Society has launched its new NetSaver account

Derbyshire Building Society, part of the Nationwide group, has launched its NetSaver account, offering easy access over the web and 3.11 per cent gross/AER.

How to save money using credit cards abroad

Don't get stung with high charges when you use your credit car abroad this summer

With the summer holidays here and many people thinking of travelling abroad on holiday now is the time to check on how to spend money overseas without getting stung by high transaction charges.

UK GDP grows by 0.2 per cent for 2nd quarter, says ONS

The ONS has announced that the UK economy grew by 0.2 per cent in the 2nd quarter of 2011

The Office for National Statistics (ONS) has issued economic data for the 2nd quarter of 2011 showing the GDP in the UK economy grew by 0.2 per cent, roughly in line with most economists expectations.

Which? reveals low interest rates for child savings accounts

Low interest rates are discouraging parents from saving for their children

Consumer group Which? has published a report that illustrates how low interest rates for child savings accounts discourages parents from saving on behalf of their children.

Post Office launches new fixed bond and ISA issues

The Post Office has revamped its savings products

The Post Office has launched new issues of two of its most popular savings products, its Growth Bond and Fixed-Rate Cash ISA.

Live webcast: Are British people too scared to talk about their finances?

Join Scottish Widows savings expert Catherine Stewart to discuss this from 1pm on Tuesday 26th July and find out how not to fall in that trap.

Norwich & Peterborough's one-year bond is Moneynet's best buy

N&P's new bond is one of the best deals to appear for 18 months, it has been suggested.

Norwich & Peterborough's one-year fixed bond has moved to the top of financial product comparison site Moneynet's best buys.

One in three workers admits skiving off from work

One in three Brits lies to their boss to take time off

A study by PricewaterhouseCoopers has shown most people skive off work because they are disillusioned with their job.

Bankers bonuses stay at last years level, £13.6 billion

City bonuses stayed at the same level as last year, according to the ONS

A new report from the Office for National Statistics (ONS) reveals that the bonus culture of the financial sector is alive and well despite the agreement reached under 'Project Merlin'.

N&P increases online bond rate

Norwich and Peterborough (N&P) Building Society has increased the rate of its online bond by 0.35 per cent from today (July 18th).

Halifax reveals new student account offers

Halifax has launched its new student deal

Halifax, voted the best student banking provider in 2010 by Your Money for the fourth consecutive year, has unveiled the terms of its new student account for 2011.

Lloyds TSB launches new student account

Students can take advantage of a tiered interest and fee-free planned overdraft of up to £1,500 in the first three years with Lloyds

Lloyds TSB has launched its 2011 Student Current Account, offering a range of benefits.

Nationwide launches new fixed-rate savings deals

Nationwide has launched two new savings options for its existing customers

Nationwide is offering its existing customers two new fixed-rate savings products.

BM Savings launches inflation-linked bonds and ISAs

BM Savings has launched two new bonds and ISAs that are linked to the rate of inflation.

BM Savings, part of the Lloyds Banking Group, has launched two new bonds and ISAs that are linked to the rate of inflation.

Cheques set to continue "as long as customers need them"

Plans to phase out cheques have been scrapped

Controversial plans to phase out the use of cheques have been scrapped by the Payments Council following a consultation.

Government looks to simplify income tax and NIC tax system

Combining the two systems would reduce the administrative burden on businesses, the government has said.

As part of a preliminary phase before a full consultation later in the year, the government is seeking evidence on why the income and NIC tax system should be changed.

UK inflation shows surprise fall to 4.2% in June

Inflation surprisingly fell in June, according to the ONS

The Office for National Statistics (ONS) reports that inflation has fallen for the first time in three months from 4.5 per cent in May to 4.2 per cent in June providing welcome news for consumers.

Barclays launches new student account

Barclays has launched a new package for students

Barclays has launched a new student package which includes an interest-free overdraft of up to £2,000, free SMS alerts and an exclusive mobile phone deal with Phones 4u giving £75 cashback on any monthly phone contract.

Nine out of ten worried about effect of inflation on finances, research shows

More than 90 per cent of Britons are worried about inflation, figures have shown

More than 90 per cent of Britons are worried about the impact of inflation on their finances, according to new research by the Post Office.

Santander returns call centres from India to the UK

Santander are shutting call centres in India and re-opening them in the UK

Santander has announced that it will shut two call centres in India and open them in the UK with the creation of 500 jobs.

Leeds Building Society scoops ISA customer service prize

Leeds Building Society's marketing communications manager Stewart Bannister described the win as a "great accolade"

Leeds Building Society has taken home the best cash ISA provider for consistency of rates gong at the 2011 Moneywise customer service awards.

Interest rates remain at 0.5 per cent for 28th consecutive month

The Bank of England's MPC voted to keep interest rates at 0.5 per cent

The Bank of England's Monetary Policy Committee (MPC) has announced that base rate is to remain at 0.5 per cent for a 28th consecutive month despite rising inflation.

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